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"State Farm to pull out of 72,000 California insurance policies," blared a Reinsurance News headline. State Farm provides nearly 21 percent of state homeowner policies, so this is big news.
Between 2020 and 2022, insurers canceled 2.8 million home coverage policies in the state.
Beginning Saturday, State Farm General Insurance Company will stop accepting new applications including all business and personal lines property and casualty insurance, the company said in a news ...
State Farm Insurance, the largest insurance company in California, is asking regulators for the OK to raise property insurance rates by 22 percent just weeks after fires ripped through Los Angeles ...
State Farm Mutual Automobile Insurance Company is the parent company of several wholly owned State Farm subsidiaries: [2] State Farm Fire and Casualty Company; State Farm Life Insurance Company; State Farm Life and Accident Assurance Company (NY/CT/WI) State Farm County Mutual Insurance Company of Texas (TX auto)
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For instance, in Northern California, 20% of homebuilders surveyed, at the time, said that buyers’ concerns over property insurance are somewhat slowing sales, and in Southern California, 29% of ...
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